In all OECD countries, Mandatory Notice (MN) policies require firms to inform workers in advance of a layoff. In our theoretical framework, MN helps workers avoid unemployment and find better jobs by encouraging workers to search for a new job while still employed, thereby increasing future production. The magnitude of this production gain depends on the relative effectiveness of search while employed versus unemployed. But on-the-job search and diminished work incentives reduce current production. If future gains outweigh current production losses, longer advance notice improves production efficiency. If not, Coasian bargaining predicts that firms offer a larger severance instead of longer notice. With bargaining, the sole efficiency loss of MN is due to delayed separations of unproductive job matches. We test these predictions using novel Swedish administrative data on layoff notifications. Workers eligible for extended MN receive longer notice and larger severance, resulting in less exposure to non-employment spells and higher-paying jobs. These favorable labor market outcomes are solely due to longer notice; in contrast, larger severance delays job finding and has no impact on wages. We also show that advance notice replaces job search while unemployed with more effective search while employed. On the production side, we document a productivity drop among notified workers and estimate a production loss due to delayed separations. Using our estimates of production gains and losses to evaluate the overall production efficiency, we conclude that the gains of MN seem to outweigh the losses.

中文翻译：

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强制裁员、求职和效率通知


在所有经合组织国家/地区，强制性通知 （MN） 政策要求公司在裁员之前通知员工。在我们的理论框架中，MN 通过鼓励工人在就业期间寻找新工作，从而增加未来的生产，帮助工人避免失业并找到更好的工作。这种生产增长的幅度取决于在职与失业时搜索的相对有效性。但是，在职搜索和工作激励措施的减少减少了当前的产量。如果未来的收益超过当前的生产损失，则更长的提前通知可以提高生产效率。如果不是，Coasian Bargaining 预测公司会提供更高的遣散费，而不是更长的通知金。通过讨价还价，MN 的唯一效率损失是由于非生产性工作匹配的延迟分离。我们使用关于裁员通知的新瑞典行政数据来测试这些预测。有资格获得延长 MN 的工人会收到更长的通知和更大的遣散费，从而减少非就业期和获得更高薪水工作的机会。这些有利的劳动力市场结果完全是由于更长的通知时间;相比之下，较大的遣散费会延迟找工作，对工资没有影响。我们还表明，提前通知用在职时更有效的搜索取代了失业时的求职。在生产方面，我们记录了接到通知的工人的生产率下降，并估计了由于延迟分离而导致的生产损失。使用我们对生产收益和损失的估计来评估整体生产效率，我们得出结论，MN 的收益似乎大于损失。